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Interest rates hit nine-year high

ABC · 3 years ago
ABC
ABC
3 years ago

The Reserve Bank has lifted interest rates by another quarter of a percentage point, the seventh rate rise in seven months. It is a move which had been widely expected though some economists thought it could have been twice that. It takes the cash rate from 2.6 per cent to 2.85 per cent, the highest rate since 2013.

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